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A Consensus Framework for Long-Term Care Financing Reform

February 25, 2016

This report offers several recommendations to improve the U.S. long-term care system, including a recommendation to raise wages and improve training standards for direct care workers. Other recommendations include the creation of universal catastrophic long-term care insurance system, as well as changes to Medicaid that would make securing long-term care less financially ruinous. The report is the final report of the Long-Term Care Financing Collaborative, a bipartisan group convened in 2012 to devise ways of improving access to long-term care in the U.S.

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Key Takeaways

In 2012, a diverse group of leaders representing a wide range of perspective created The Long-Term Care Financing Collaborative.
The Long-Term Care Financing Collaborative recommended a series of reforms to expand access to long-term services and supports.
The collaborative believed that the current system of financing LTSS is inadequate, especially for those with high levels of need.

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